Word: glut
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Dates: during 1950-1959
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...strikes reflect the tensions and distortions of Uruguay's economy. On rolling land that could provide some of the lushest cattle and sheep pasturage in the world, wheat is being grown, encouraged by government price supports despite the world wheat glut. Ranchers, penalized by taxes and government cheap-meat policies, are producing less beef and wool-the country's mainstay exports. So serious are the shortages that 4,000 packinghouse employees have been laid off and the government has even been forced at times to import cattle, both for local consumption and for export as corned beef. Moreover...
...glut is largely the fault of the federal price-support program, a mode of agricultural life so obsolete that in its present form it amounts to a national scandal. Designed to cope with the problem of farm surpluses, it brings on bigger surpluses by setting high price supports. Designed to keep small farmers from going broke when surpluses drag prices down, it actually helps the poorest farmers least and the richest most. Designed to bolster the health and welfare of agricultural communities, it has tempted many a farmer to sharp practices because "only suckers" would refuse to take advantage...
...attend all the productions will only see two or three of them, and each show will cut into the other's ticket sales. But this is nothing: last spring theatrical activities vacillated between a choke of four and five shows one weekend and none the next, forcing an alternate glut and fast on theatergoers. As good a production as the freshman Twelfth Night never made it out of the red because of the overwhelming competition of Gilbert and Sullivan, Sartre and Chekov. Some kind of organization, or regulation of drama at Harvard is necessary to make the "drama renaissance" more...
MEAT-PRICE RISE is coming because 1957 production will drop 2% to 3% below last year's record 28 billion Ibs. Southwest drought has cut into cattle supply and hog farmers are marketing fewer porkers to avoid last year's glut. Chicago wholesale prices: beef, 7% to 16% higher than this time last year; pork, up 37% ; lamb...
...revive the Boston whiting fishery, which suffered from seasonal surpluses, by promoting frozen packages of the cheap fish throughout the year. Last week they were investigating yet another solution to the problem of supply and demand: a commodities market in sea products, to help prevent dumping during periods of glut and gouging during scarce periods...